Home » Daily Newsletter » MERC Revises Power Tariffs, Reduces Revenue Gap to Surplus
India’s Ministry of New and Renewable Energy (MNRE) has released draft guidelines for the series approval of solar photovoltaic (SPV) inverters—including off-grid, grid-tied, and hybrid types—under the proposed "Solar Systems, Devices, and Components Goods Order, 2025." MNRE has sought comments on the draft at kamlesh.yadav@nise.res.in,...
The Appellate Tribunal for Electricity (APTEL) has dismissed an application by a solar developer and its subsidiaries seeking interest and surcharge on previously awarded tariff payments, ruling that the request constituted a review petition disguised as a clarification. The application filed by ACME and four...
JSW Energy, through its step-down subsidiary Energizent Power Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NHPC Limited for a 300 MW of solar-wind hybrid power. The power will be supplied at a fixed tariff of Rs 3.49 per unit. The project...
Philippines-based ACEN, in partnership with UPC Renewables, has begun construction of two large-scale renewable energy projects in India—a 420 MW solar farm in Rajasthan and a 120 MW wind farm in Karnataka—as part of its continued expansion in one of the world's fastest-growing clean energy...
Sunkind Energy entered into an agreement with ConfirmWare PV Manufacturing Solutions to establish a 4 GW solar module manufacturing capacity in India. Under this partnership, Sunkind will leverage the collaboration to bring ConfirmWare’s advanced stringer and automation technology to set up technologically advanced production lines. The...
Global solar giant Sungrow has launched its new ECO-Balcony Solution in Europe, targeting urban households with limited space as demand for compact renewable energy systems continues to grow across the continent. Designed for balconies, gardens, and patios, the ECO-Balcony system is available in 450 W...
Schneider Electric, a global leader in energy management and automation, has announced plans to set up a new state-of-the-art manufacturing facility in Hosur, Tamil Nadu. The 500,000-square-foot plant, located at Horizon Industrial Park near Shoolagiri along the Bangalore–Chennai highway, will support the company’s IT Business...
Datta Power Infra Private Limited has transitioned into a full-fledged Engineering, Procurement and Construction (EPC) company, following the successful commissioning of two 2.52 MW (AC) ground-mounted solar projects in Rajasthan under the central government’s PM-KUSUM scheme. The solar installations, located in Bhagwa village in Barmer...
Global CO₂-equivalent emissions from energy rose 1% in 2024, marking a fourth consecutive annual record, the Energy Institute (EI) said. The increase came in a year when average temperatures consistently breached the 1.5°C global warming threshold. The 74th edition of EI’s Statistical Review of World...
Global Wind Energy Council (GWEC) Market Intelligence’s latest report recorded the addition of 83 GW of offshore wind capacity installed worldwide, supplying clean, affordable electricity to 73 million households. The report found that China holds the top position and is projected to continue dominating the...
Moldova debuted one of the first green energy tenders in 2025, recording €190 Mn in onshore wind power plants with a capacity of 105 MW and photovoltaic plants with 60 MW. So far, the Republic of Moldova's renewable energy production in 2024 has doubled compared...
NHPC has finalised the results of its 500 MW/1,000 MWh Battery Energy Storage Systems (BESS) tender in Andhra Pradesh (Tranche II), awarding contracts to ACME Solar and Patel Infrastructure nearly four months after issuing the tender. As per the bidding results, ACME Solar secured two...
Renewable energy company Sterling & Wilson (SW Solar) is now looking ahead to explore its fortunes in the Battery Energy Storage System (BESS) sector and wind energy EPC projects in the country. The top management of the firm recently revealed that transitioning to new areas...
Chinese battery giant CATL and the Ellen MacArthur Foundation have unveiled a joint ambition to accelerate the transition to a circular battery economy, aiming to decouple new battery production from the use of virgin raw materials. Speaking at a high-level panel during London Climate Action...
Arevon Energy has commenced commercial operations of its Peregrine Energy Storage Project, a major utility-scale battery facility located in San Diego’s Barrio Logan neighbourhood, California. The project adds 200 MW / 400 MWh of energy storage capacity to the grid and stands as Arevon’s fifth...
Jinko ESS, an energy storage systems provider and a subsidiary of JinkoSolar, has signed a framework agreement with METLEN, an energy infrastructure company, to deploy more than 3 GWh of utility-scale battery energy storage systems (BESS) across Chile and European markets. The agreement, formalised at...
Cummins India - known for its diesel and gas gensets - has officially launched its Battery Energy Storage Systems (BESS). The announcement comes under Cummins’ global “Destination Zero” strategy, which focuses on achieving carbon neutrality and expanding the company’s low-emission offerings. BESS is emerging as...
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